Qualys, Inc. (NASDAQ:QLYS) Position Increased by Tidal Investments LLC

Tidal Investments LLC raised its stake in Qualys, Inc. (NASDAQ:QLYS) by 70.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,472 shares of the software maker’s stock after buying an additional 1,022 shares during the period. Tidal Investments LLC’s holdings in Qualys were worth $318,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of QLYS. UMB Bank n.a. raised its position in shares of Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after purchasing an additional 143 shares during the period. Quarry LP purchased a new position in Qualys in the 2nd quarter worth about $40,000. Exchange Traded Concepts LLC raised its holdings in Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after buying an additional 223 shares during the period. Advisors Asset Management Inc. raised its holdings in Qualys by 68.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock worth $94,000 after buying an additional 297 shares during the period. Finally, KBC Group NV lifted its stake in Qualys by 21.6% during the third quarter. KBC Group NV now owns 1,091 shares of the software maker’s stock valued at $140,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 8,555 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $154.62, for a total value of $1,322,774.10. Following the transaction, the insider now directly owns 64,032 shares in the company, valued at approximately $9,900,627.84. This trade represents a 11.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,715 shares of company stock valued at $4,406,251. Corporate insiders own 1.00% of the company’s stock.

Qualys Stock Up 1.8 %

NASDAQ QLYS opened at $141.59 on Wednesday. The company has a 50 day moving average price of $142.16 and a two-hundred day moving average price of $135.77. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $205.00. The stock has a market capitalization of $5.18 billion, a PE ratio of 31.19 and a beta of 0.54.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The firm had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. During the same period in the prior year, the company posted $1.24 earnings per share. Qualys’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Westpark Capital reissued a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. UBS Group raised their target price on Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Needham & Company LLC initiated coverage on Qualys in a research report on Wednesday, November 6th. They set a “hold” rating on the stock. Finally, Morgan Stanley increased their price objective on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Qualys currently has an average rating of “Hold” and a consensus target price of $152.80.

Qualys Company Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.